The monumental passing of the Tax Cuts and Jobs Act results in historic tax reform impacting nearly every American. This has brought about exciting opportunities for CPAs and financial planners. Your guidance will help your affluent clients achieve their financial goals and help you generate new business.

During our year-end tax-planning event we will examine every facet of the new legislation and the impact it has on our high net-worth clients through key sessions such as:

Section 199A: The Qualified Business Income Deduction for Pass-through Entities

Individual, Business and Fiduciary Income Tax Planning Opportunities

Estate and Trust Planning Strategies

Tax Law Impact on Real Estate

Gain cutting-edge strategies to implement in the upcoming filing season and bring the greatest value to your clients.

Additional CFP and CLE credits will also be offered at this conference.

GENERAL SESSION

This session will provide an overview of the individual tax provisions of the TCJA and associated regulatory guidance issued in 2018. In addition, the session will also cover (a) non-TCJA developments in individual tax over the last 12 months and (b) trends in IRS audit activity.

Learning Objectives:

Analyze the provisions of TCJA (and associated regulatory guidance) with a focus on individuals that will enable participates to adequately advise their individual clients on 2018 year-end planning as well as preparing for the spring 2019 tax filing season.

Recognize and apply the non-TCJA developments and trends in IRS audit activity to client situations.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

The IRS has a full plate these days. While it faces the impact and implementation of tax reform, the IRS continues its efforts to ensure robust voluntary compliance through civil and criminal enforcement. This session will discuss the current tax enforcement landscape, including the Tax Gap, IRS leadership and staffing, the 2018 Strategic Plan, current priorities and related enforcement efforts, recent statistics, and best practices for the tax controversy practitioner.

Learning Objectives:

Recognize the Tax Gap and its impact on IRS priorities

Recognize the 2018 Five-year IRS Strategic Plan

Identify current priorities and recent enforcement efforts

Distinguish best practices for the tax controversy practitioners

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

11:55 AM - 1:00 PM

Lunch

1:00 PM - 2:15 PM

GENERAL SESSION

The recent enactment of the Tax Cut and Jobs Act has dramatically changed the tax landscape for all taxpayers, but the legislation has a particularly significant impact on business owners. While the new rules certainly create many opportunities for tax savings, careful planning is necessary to ensure that business owners take maximum advantage of these new opportunities. In addition, given the speed with which the legislation was passed, there are many unanswered questions as to how the new rules will apply. This presentation will assist practitioners in understanding how to best navigate these new rules, and will include planning tips and ideas to avoid some of the new limits and restrictions added by the 2017 Act.

Learning Objectives:

Recognize and plan around the new limits on interest deductibility.

Determine the best course in navigating the new 3-year holding period for certain carried interests.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

2:15 PM - 3:05 PM

GENERAL SESSION

Tax reform has brought renewed focus on the value that CPAs bring to their clients in addressing their overall personal financial planning needs. It presents the perfect opportunity for CPAs to open the door to more formalized planning with their clients’ and their personal finances. This session will show the window of opportunity that exists in a changing environment of both other professionals recognizing these same trends and consumers shifting their expectations. Attend this session to gather ideas to remain the primary point of contact and deepen your relationship with your clients and to position your firm securely for the future.

Elizabeth Forspan, Esq. will discuss elder care planning and how the CPA plays a critical role in the aging process. She will review key issues affecting clients in the 'sandwich generation' and how the CPA can assist them with their planning and with their parents' planning. Topics will include budgeting for health care and long term care, household income and expense considerations, tax and estate planning for seniors and the professional team. Elizabeth will also discuss way to help clients protect against financial elder abuse.

Learning Objectives:

Recognize the CPA's key role in the elder care and long term care planning process .

Identify the various issues affecting seniors and how the CPA can help senior clients protect and preserve their assets.

Prerequisites:Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

Planning for matrimonial matters has changed dramatically as a result of the TCJA and other recent developments. What should practitioners advise clients under existing divorce agreements, in the process of divorce, or planning for future marriage to do? Alimony trusts, possible loss of alimony deductions changes in exemptions, developments affecting self-settled trusts, modern trust planning including floating spouse clauses all affect advice practitioners should give clients. With a temporary exemption planning for portability has important implications to clients

One of the best ways to enhance a client’s holistic financial plan and charitable giving strategy is to identify the best assets to give and the right time to donate them. Charitable donations of complex assets—such as private equity, restricted stock, limited partnership interests, real estate, and other non-publicly traded assets—often provide the most tax-efficient way to support charitable causes. This session will evaluate this often under-utilized approach to charitable giving.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

TCJA has transformed trust planning. Practitioners need to help clients identify existing trusts that can be modified, improved or eliminated and how new trusts can be structured. What factors should practitioners use to evaluate existing trust plans? A case study of how an old QPRT may be handled will be presented. What about existing irrevocable life insurance trusts (ILITs)? How should wills and revocable trusts be structured going forward to accomplish clients new tax and non-tax goals? What types of new trust structures should practitioners evaluate to accomplish income tax goals? Consideration of INGs and SALTy SLATs and more. Can these same trusts be modified to also use the new temporary estate tax exemption? Consideration of completed gift INGs will be discussed. Can these non-grantor trusts be used to hold a client's home to secure a greater property tax deduction? What can clients in high tax states do to reduce SALT burdens in light of new limitations? What happens if the tax laws change yet again? Can this type of planning be modified?

Learning Objectives:

Recognize how to review existing (old) trusts to advise clients in light of the current tax environment?

Identify what types of trusts to recommend to different clients to accomplish the seemingly contradictory goals of: saving income taxes, using temporary estate tax exemptions, achieving asset protection, retaining access to trusts and more?

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

This session will discuss the income taxation of estates and trusts: To the structure of Subchapter J including the concept of distributable net income (DNI), the types of trusts (simple, complex and grantor), trust accounting income, the distribution system, the separate share rule, the 65 day rule, the fiduciary income tax charitable deduction, termination of a trust or estate and administration expenses.

Learning Objectives:

Identify the basics of taxation of estate and trusts and its distribution system and the tax consequences of distributions to beneficiaries

Analyze planning ideas to help clients minimize the taxation of estate and trust income.

Reognize the distribution system applicable to estates and trusts.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

Our esteemed panel will answer your questions regarding the income, estate and gift tax provisions of the Tax Cuts and Jobs Act (“TCJA”) and discuss planning strategies that are relevant for your clients now and in the future in this new environment.

Prerequisites: Basic knowledge of tax planning and strategies. General experience in working with high-net-worth clients.Advanced Prep: None

4:10 PM

Conference Concludes

Attendance options

In person

Price range from: $975.00 - $1275.00

AICPA Sophisticated Tax Planning for Your Wealthy Clients

Nov 29-Nov 30, 2018

On-site: Immersed in the energy Step away from your desk, and join us in Washington, DC. Youíll interact directly with thought leaders and have the advantage of dedicated networking time with your professional community. (17.5 CPE credits).

Online: When travel isnít your preferenceSessions will be streamed live, in real time, direct to your computer or mobile device. Youíll have access to audio and video sessions, remote networking through polls and chat rooms, and handouts and slides, just as if you were there on-site. (17.5 CPE credits).

Online 7 pack: Learning, acceleratedWhen youíre pressed for time, focus on the sessions that match your main area of business and dive in. Choose any 7 sessions to view online. (CPE credits vary by session).

New > Flex Pass: The best of all worldsNow you donít have to choose. Enjoy the flexibility of on-site AND online: attend some of the conference sessions in person to network with your peers, and view other sessions online. (17.5 CPE credits).

Already registered but interested in this new attendance option? Call Member Service to upgrade to Flex Pass: 888.777.7077.

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Groups of 2–9 can receive significant savings when registering for one conference. Contact AICPA customer service team to learn more: 888.777.7077.

10+ conference registrations each year qualify for significant savings. The benefits don’t stop there! You will receive invoicing before or after the event. For more information or guidance through the registration process, contact your conference group sales representative, Corinne Alford at Corinne.Alford@aicpa-cima.com.

Online conference system requirements

Attending Online is easy! Check the System Requirements below and install Adobe Flash if you haven't already, then visit this demo page once you're ready to check for compatibility.

NOTE: For sessions that are audio-only, you use the same player and have the experience as the above demo page, but there will be a static image in place of the video stream.

On-Site Conference: You may cancel without penalty if cancellation request is received up to and including 45 days prior to the start of the conference. Due to financial obligations incurred by the AICPA, a credit less 50% of the registration fee will be issued for requests received up to and including 21 days prior to the start of the conference. No refunds or credits will be issued on cancellation requests received less than 21 days prior to the start of the event.

Online Conference: You may cancel and receive a refund if cancellation request is received up to and including 15 days prior to the start of the conference. You can cancel and receive a 100% credit if your registration is canceled within 7 days of the start of the conference. Due to financial obligations incurred by the AICPA, a 60% credit will be issued for requests received up to the day prior to the start of the conference. No refunds or credits will be issued on cancellation requests received once the online conference begins.

For more information about AICPA's conference cancellation policy, contact the AICPA Service Center at 1-888-777-7077 or service@aicpa.org.

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